Saturday, February 20, 2016

Oil CEO takes home $18 million after cutting 20% of workers - NY Daily News

Oil CEO takes home $18 million after cutting 20% of workers - NY Daily News:



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Though his profits and workforce have been drying up, an oil company CEO was awarded more than $18 million for his work in 2015.
Schlumberger, the world's largest oil field service, cut 25,000 jobs last year, or 20% of its workforce, according to CNN.
Profits for CEO Paal Kibsgaard’s company, which operates in more than 85 countries, were down 40% as prices for black gold continued the downward slide beginning two years ago.
note:  25.000 jobs

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